Malaysia Daily Bulletin – 30/05/11: AirAsia's market capitalisation is now almost 80% bigger than the national c...

AirAsia Overtakes MAS In Terms Of Market Capitalisation AirAsia’s market capitalisation is now almost 80% bigger than the national carrier Malaysian Airline System (MAS). As at 27 May, AirAsia’s market capital exceeded RM8.4b and is trading at its all-time high level of RM3.11 on 11 May-11 at a price-earnings of 8.26 times. In contrast, MAS is now trading at a decade low of RM1.45, with a total market capital of less than RM5b. AirAsia has also attracted foreign institutional funds into the company more than seven times. Fortunes of both companies on the stock exchange and on the business field have varied. Since its listing, the budget carrier has only suffered two quarters of net losses, partly due to fuel price volatility. In contrast, MAS, its more experienced rival, has suffered nine quarters of net losses during the same period. In the most recent quarterly results, ...